The IMF says the current economic condition is the same as after World War 2. Foreclosures and bankruptcy were the hot keywords last year and the new year has started with a new keyword 'layoffs'. The mighty Microsoft has also been hit by this and in the next few months it will be downsizing its workforce by 5% or 5,000 will be given the pink slip. The sad cartoon illustrates the situation quite well, it is not known if Apple will be following suit. But one thing is for certain that tough times lay ahead for us.
The IMF says the current economic condition is the same as after World War 2. Foreclosures and bankruptcy were the hot keywords last year and the new year has started with a new keyword 'layoffs'. The mighty Microsoft has also been hit by this and in the next few months it will be downsizing its workforce by 5% or 5,000 will be given the pink slip. The sad cartoon illustrates the situation quite well, it is not known if Apple will be following suit. But one thing is for certain that tough times lay ahead for us.
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